QUALIFICATIONS AND EXPERIENCE
James T. (Tommy) Truett, GAA
State Certified General Appraiser / Arkansas Certification #CG-0311
Fee Appraiser since 1978
Basic Education:
Graduated from the North Little Rock, Arkansas School System
Majored in accounting and economics, University of Arkansas at Little Rock (LRU)
Special Education Courses (all successfully completed):
Principles of Real Estate, University of Arkansas, 1969
Capitalization Techniques, NAR, 1979
Graduate of Realtors Institute, (GRI) 10/31/80
Income Property/Financial Calculator Applications, NAR, 1981
Commercial Real Estate Appraisal, IREA, 1982
NAIFA course 1.1 - Principles of Residential Real Estate Appraising, 1991
NAIFA course 2.0 - Financial Analysis of Income Properties, 1991
NAIFA course 2.1 - Introduction to Income Property Appraising, 1991
NAIFA course 2.3 - Condemnation Appraising, 1991
NAIFA course 2.4 - Income Property Appraising: Investment Analysis, 1991
NAIFA course 5.0 - Professional Standards Practice, 1991
NAIFA course 9.0 - Concepts, Terminology & Techniques, 1991
Arkansas State General Certification Exam passed November 16, 1991
National Association of Environmental Risk Auditors: Course 101, 1992
National Association of Environmental Risk Auditors: Course 102, 1992
Numerous seminars and continued education:
"Testifying in Court"
"Manufactured Housing Appraisal"
"Uniform Residential Appraisal Report"
"R41C Guidelines"
FIRREA, Overview & Practical Application, 2/94
Arkansas Appraiser Licensing & Certification Board - Work Products Seminar, 9/94
Contracts & Agency Law, University of Arkansas, 9/94
Lender Selection of the Appraiser, HUD, 12/94
HUD Annual Appraiser/Underwriter Seminar, 95, 96, 97
USPAP Update/Appraisal Section of the Arkansas Realtors Association, 3/97
Efficiency & Automation through Technology in the Modern Appraisal Office, 6/98
Limited Residential Appraisals Course #012, Columbia Institute, May, 1999
Arkansas Appraiser Licensing & Certification Board - Seminar, April 18, 2000
USPAP Update, David Reinold, June 9, 2000
Rethinking the Income Approach Course #116, Columbia Institute, June 11, 2001
Appraisal Reporting Technology, Alamode, Inc., July 13 & 14, 2001
Uniform Standards of Professional Appraisal Practice USPAP, 15 Hour W/Exam, Reinold, 03/03
Multifamily Appraiser Seminar by U.S. Dept. of HUD, Little Rock, May 20, 2004
USPAP Update, David Reinold, January 31, 2005
Developing a Scope of Work in a New or Unusual Assignment, David Reinold, February 1, 2005
Introduction to GIS, Applications for Real Estate Appraisal, Appraisal Institute, February 2, 2006
National Uniform Standards of Professional Appraisal Practice USPAP (2008), Reinold, 02/11/08
Recognizing & Managing Business Risk, Arkansas Appraisers Licensing & Certification Board, 04/17/08
Supporting Capitalization Rates, Appraisal Institute, May 29, 2008
Fannie, 7.0 Release, Fannie Mae & Mortgage Bankers Association, 06/10/08
1004MC Market Conditions, Oakcrest Appraisal Academy, March 27, 2009
Ntl Uniform Standards of Professional Appraisal Practice USPAP (2010-2011), Reinold 02/08/10
Associations and Memberships:
GAA designation from the Real Estate Appraisal Section of the National Board of Realtors
Member of Hot Springs, Arkansas & National Board of Realtors since 1977
Member of the Appraisal Section of National Board of Realtors
Former Senior Member (ICA), International Organization of Real Estate Appraisers, 1982
Former Senior Member (CREA), National Association of Real Estate Appraisers, 1987
Clients:
Being a fee appraiser since 1978, there are too many clients to list. This appraiser is on the approval
list of most lenders in the State of Arkansas.
Qualified as an expert witness in circuit and chancery courts.
Numerous appraisals made on commercial, industrial and residential properties.
Community Service and Involvement:
Member of Oaklawn Rotary Club, 2003-2004 President & 2009-2010 President
Secretary of the Garland County Residential Housing Facilities Board
Past Chairman of Board of Belvedere Country Club
Past President of the Fountain Lake Lions Club
Past Director of Hot Springs Board of Realtors
Served on and chaired several Realtor committees
